16% of Hong Kong investors to make more aggressive strategies

Despite 13% of them losing money in 2Q13.

The newest J.P. Morgan Investor Confidence Index shows that 74% of survey respondents say they won’t make any changes in investment strategy in the next six months. A further 16% say they will be more aggressive, an increase from its previous level of 13% in March.

In the second quarter, 48% of the respondents broke even in their investment performances, 40% made profits while 13% lost money.

The index is designed to reflect local investor sentiment towards the Hong Kong market over the next six months. Hong Kong’s rating stood at 116 by the end of the second quarter, compared to 117 in March.

In addition, 81% of the surveyed investors anticipate the Hang Seng Index will trade above 20,000 points by yearend, and 49% expect the benchmark index to trade between 22,001 to 24,000 points.

Conducted in June, the index’s survey interviewed a random sampling of 508 retail investors aged between 30 and 60 with each one having at least five years of continuous investment experience and liquid assets of over HK$100,000.